1 definition
by
Lydia Holm

scandalously repackaging and claiming to have purchased on your own a previously received hideous piece of crapola and giving it to someone else as if you had actually been thinking about what they would enjoy.

Your mother buys you some crappy made in china plastic wal mart creation. You unwrap it, take off any identifying tags, place it in a box from Saks fifth avenue, and "regift" it to someone else.